In The News

In Scorpios, Greece – Shipping magnate Aristotle Onassis is buried in a simple ceremony. He was buried next to his only son, Alexandros, who was killed at the age of 24 in a plane crash in 1973.

A federal investigation of why oil prices rose so rapidly at the height of the Arab oil embargo uncovers conspiracies by businessmen and organized criminals to overcharge electric power companies, hospitals, schools and consumers. The overcharge could be several billion dollars.

Cuban Prime Minister Fidel Castro appeals to the newly rich oil-exporting nations to come quickly to the financial aid of the “underdeveloped nonaligned countries of the world.”

President Ford warned against a new isolationism in U.S. foreign policy, declaring the nation must continue to provide sustenance and security to needy countries despite the current recession.

Consumer prices were up .6% last month – the same increase as in January.

Former President Richard Nixon has turned to religion to help him through his disappointment and illness in the aftermath of Watergate, evangelist Billy Graham says.

Boston - “Old Ironsides” the frigate launched 178 years ago and the world’s oldest commissioned warship, is reopened to visitors under new flags and rigging, just in time for the nation’s bicentennial celebration. The ship, known as the USS Constitution, has long been one of Boston’s most popular attractions. It has been in drydock for overhaul for two years.

The Supreme Court rules that the federal government owns the offshore oil rights beyond the three-mile limit in the Atlantic Ocean claimed by coastal states.

Treasury Secretary William Simon tells Congress the federal budget deficit may reach $80 billion in the fiscal year beginning July 1.

Lady Bird Johnson says she will never marry again. Mrs Johnson name has been linked with some prominent Austin widowers who are her escorts occasionally at social events.

Sports news – March 15, 1975

Kareem Abdul-Jabbar says that he has asked the Milwaukee Bucks to trade him to another NBA team. “I don’t have any family or friends in Milwaukee. Milwaukee is not the kind of city I’m about. I’m not knocking it or the people. It’s just that socially and culturally, I don’t fit in Milwaukee.’

Entertainment /Celebration news – March 15, 1975

Paramount and Gene Roddenberry’s Norway Productions will make a movie version of “Star Trek.” All the original cast members are in negotiations including William Shatner and Leonard Nimoy.

Passing – Actress Susan Hayward – of a seizure due to a malignant brain tumor. She had been undergoing chemotherapy for 2 ½ years. She was only 55.